By Sarita Chaganti Singh and Krishna N. Das NEW DELHI (Reuters) – An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. The Solar Energy …
TBILISI (Reuters) – Eleven Indian citizens were among twelve victims of an accident at an Indian restaurant in the Georgian ski resort of Gudauri, the Indian Embassy said on Monday. According to a preliminary report from the Georgian Interior Ministry, the victims, which included one Georgian citizen, were found dead inside the restaurant after using …
Eleven Indians dead in accident at Georgian ski resort, embassy says Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed acquisition. Allianz, which unveiled its offer in July, said …
Allianz withdraws $1.63 billion offer for Singapore’s Income Insurance Read More »
NEW DELHI (Reuters) – India’s GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, CNBC-TV18 reported, citing sources. The potential tax cut, which could take effect from Jan. 1, 2022, would not allow food delivery platforms such as Zomato and Swiggy …
India tax panel may consider lowering GST on online food delivery fees, report says Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The low-cost government loan for the BlueOval SK …
US finalizes $9.63 billion loan for Ford, SK On joint battery venture Read More »
By Ariba Shahid KARACHI (Reuters) -Pakistan’s central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing. Pakistan’s latest move makes this year’s cuts one of …
Pakistan central bank cuts key rate by 200 bps, fifth in a row Read More »
AMSTERDAM (Reuters) – South Korean startup bitsensing has entered a partnership with Dutch computer chip manufacturer NXP to sell radar systems used in cars, the Asian company’s CEO told Reuters on Monday. The deal will focus on combining NXP’s radar chips with bitsensing’s radar hardware and software, CEO Jae-Eun Lee said in an email without …
Dutch chipmaker NXP and South Korea’s bitsensing in radar deal Read More »
By Manoj Kumar and Shivangi Acharya NEW DELHI (Reuters) -India’s merchandise trade deficit in November widened to a record level, led by a surge in gold imports, while exports fell due to weaker global demand. The merchandise trade deficit in November stood at $37.84 billion, data released by the commerce ministry showed on Monday, much …
Surge in gold imports pushes India’s Nov trade deficit to record levels Read More »
By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) – Britain’s Labour government has pared back an audit of relations with China, four sources with knowledge of the matter said, preparing the way for a less critical report that could help Prime Minister Keir Starmer focus on improving economic ties. The Labour Party said before taking …
Exclusive-Britain pares back secretive China strategy review, seeking closer ties Read More »
SINGAPORE (Reuters) -Singapore’s ChemOne Group has delayed the start of its Pengerang Energy Complex (PEC) to the fourth quarter of 2028, with construction set to begin by mid-2025, it said on Monday, after securing more financing for the project. The project has secured an agreement for $3.5 billion of financing, the company said. “As the …
Singapore’s ChemOne delays Pengerang complex’s start to 2028 Read More »
